Philippines government approves stimulus package worth USD 3.3 billion

The Philippines’s government approved an emergency standby fund totaling P162 billion (USD 3.3 billion) aimed to provide immediate subsidies and support to workers, cash-for-work programs, prevention and control of other diseases, programs for impacted sectors, and the agricultural sector. Earlier, the Philippines’s government have released a P140 billion (USD 2.85 billion) fund to fight socioeconomic and health problems arising out of the pandemic crisis

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